Tetra Technologies Inc Stock Forecast
Red day on Monday for Tetra Technologies Inc stock after losing 2.28%
(Updated on May 06, 2024)
The Tetra Technologies Inc stock price fell by -2.28% on the last day (Monday, 6th May 2024) from $3.95 to $3.86. During the last trading day the stock fluctuated 4.92% from a day low at $3.86 to a day high of $4.05. The price has been going up and down for this period, and there has been a -12.67% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -298 thousand shares and in total, 2 million shares were bought and sold for approximately $6.40 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.73 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.69% during the next 3 months and, with a 90% probability hold a price between $4.24 and $5.85 at the end of this 3-month period.
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TTI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.32%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tetra Technologies Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.09 and $4.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tetra Technologies Inc stock
Tetra Technologies Inc finds support from accumulated volume at $3.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.190 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 6.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TTI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tetra Technologies Inc to open at $3.92, and during the day (based on 14 day Average True Range), to move between $3.65 and $4.07, which gives a possible trading interval of +/-$0.207 (+/-5.36%) up or down from last closing price. If Tetra Technologies Inc takes out the full calculated possible swing range there will be an estimated 10.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.85 (0.26%) than the resistance at $3.94 (2.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tetra Technologies Inc stock A Buy?
The Tetra Technologies Inc stock holds several negative signals and despite the positive trend, we believe Tetra Technologies Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.528 Sell Candidate Unchanged
Predicted Opening Price for Tetra Technologies Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $3.92 ( 1.64%) | $3.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.11 | 6.56 % | |
| R2 | 4.04 | 4.68 % | ||
| R1 | 4.00 | 3.52 % | ||
| Current price: | 3.86 | |||
| Support | S1 | 3.85 | -0.240 % | |
| S2 | 3.81 | -1.40 % | ||
| S3 | 3.73 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.43 | 14.77 % | |
| R2 | 4.08 | 5.70 % | ||
| R1 | 3.94 | 2.07 % | ||
| Current price | 3.86 | |||
| Support | S1 | 3.85 | -0.259% | |
| S2 | 3.79 | -1.81% | ||
| S3 | 3.70 | -4.15% |
TTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2017 | May 16, 2017 | May 16, 2017 | $0.100 | 2.97% |
| 2 | Nov 29, 2016 | Nov 29, 2016 | Nov 29, 2016 | $0.0900 | 1.84% |
FAQ
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